7 Oversold Stocks to Buy Right Now
Identifying oversold stocks gives investors the opportunity to buy shares of high-quality companies at a discounted price. Long-term InvestorPlace.com readers will surely know that the Street may overreact to news and events in the short run. For instance, the risk-off market sentiment in 2022 has wiped out about $7 trillion from the blue-chip stocks in the SP 500 index . The Nasdaq 100 index has also plunged 21% year-to-date (YTD), leaving tech investors wondering what may be next. Analysts concur that the recent market meltdown is fueled by investors who fear a recession looming around the corner. However, once the current macroeconomic headwinds dissipate and market sentiment turns positive, we’ll likely see many fallen stars shine again. 7 High-Yielding Monthly Dividend Stocks to Buy in June With that information, here are seven oversold stocks to buy in June with the potential for lucrative long-term returns: Ticker Company Current Price CMCSA Comcast Corporation $42.63 CRSP CRISPR Therapeutics AG $69.04 CROX Crocs, Inc. $60.64 GILD Gilead Sciences, Inc. $62.54 GS The Goldman Sachs Group, Inc. $321.51 ITT ITT Inc. $75.61 SWKS Skyworks Solutions, Inc. $108.64 Comcast (CMCSA) 52-week range: $39.47 – $61.80 Source: Shutterstock Comcast (NASDAQ: CMCSA ) is a leading entertainment and telecommunications conglomerate.
7 Oversold Stocks to Buy Right Now
Identifying oversold stocks gives investors the opportunity to buy shares of high-quality companies at a discounted price. Long-term InvestorPlace.com readers will surely know that the Street may overreact to news and events in the short run. For instance, the risk-off market sentiment in 2022 has wiped out about $7 trillion from the blue-chip stocks in the SP 500 index . The Nasdaq 100 index has also plunged 21% year-to-date (YTD), leaving tech investors wondering what may be next. Analysts concur that the recent market meltdown is fueled by investors who fear a recession looming around the corner. However, once the current macroeconomic headwinds dissipate and market sentiment turns positive, we’ll likely see many fallen stars shine again. 7 High-Yielding Monthly Dividend Stocks to Buy in June With that information, here are seven oversold stocks to buy in June with the potential for lucrative long-term returns: Ticker Company Current Price CMCSA Comcast Corporation $42.63 CRSP CRISPR Therapeutics AG $69.04 CROX Crocs, Inc. $60.64 GILD Gilead Sciences, Inc. $62.54 GS The Goldman Sachs Group, Inc. $321.51 ITT ITT Inc. $75.61 SWKS Skyworks Solutions, Inc. $108.64 Comcast (CMCSA) 52-week range: $39.47 – $61.80 Source: Shutterstock Comcast (NASDAQ: CMCSA ) is a leading entertainment and telecommunications conglomerate.